Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: Chinese yaun trades marginally lower despite higher than expected house price data

  • USD/CNY is currently trading around 6.7245 marks.
     
  • It made intraday high at 6.7337 and low at 6.7194 levels.
     
  • Intraday bias remains slightly bullish till the time pair holds key support at 6.7194 marks.
     
  • A sustained close above 6.7194 marks will test key resistances at 6.7422, 6.7510, 6.7778 and 6.8072 marks respectively.
     
  • Alternatively, a daily close below 6.7194 will drag the parity down towards key supports at 6.6894, 6.6722, 6.6650, 6.6540 and 6.62 marks respectively.
     
  • Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
     
  • PBOC sets yuan mid-point at 6.7151 / dlr vs last close 6.7198.
     
  • China Jan 2019 house prices yy increase to 10 % vs previous 9.7 %.

We prefer to take short position on USD/CNY only below 6.7194, stop loss at 6.7422 and target of 6.6894/6.6722.

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

July 2 15:00 UTC Released

DKCurrency Reserves

Actual

449.6 Stale

Forecast

Previous

451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

Actual

50 %

Forecast

Previous

48.6 %

January 31 00:00 UTC 819945819945m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 819945819945m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 831765831765m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 819945819945m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 831765831765m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 819945819945m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 819945819945m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 819945819945m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.